The used car market has grown 31percent in the last year. Photo / Sarah Ivey
The used car market has grown 31percent in the last year. Photo / Sarah Ivey
Used car imports into New Zealand for August have increased by a nearly third, both on the same month last year, and when compared year to date to 2013.
The used passenger market is up 31 percent, when compared to the same month last year. It was also up 31percent year to date, on last year.
"The volume of used import cars coming into New Zealand and onto the roads is building up significantly. We're in our fifth year of year-on-year growth for used imports, and our fourth year of continuous growth in new cars," MTA Chief Executive Warwick Quinn says.
"If imports continue at the current rate for the rest of the year, without substantial changes in exchange rates or supply, we are looking at around 214,000 new and used imported cars for 2014 - the largest number since 2005."
The new car segment was up 3 percent for August 2014 on the year prior with the sector up 10 percent in the year to date.
New Zealand's new commercial market is still running hot, with a similarly-strong growth in used commercials. The new sector was up 19 percent for August on the same month last year, with year to date sales up 21 percent Quinn says, should this trend continue, we might see 2014 as a record year for commercial vehicle sales which could exceed the 2004 record of 37,869 units.
Ford's Ranger ute dominated the new commercial vehicle sector, selling 548 units, followed by Toyota Hilux selling 413, and Toyota Hiace selling 254.
While selling smaller volumes, the imported used commercial sector had a different complexion: box vans dominated the top sellers, led by Toyota Hiace, Nissan Caravan and Toyota Regius .
